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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (28842)	3/5/1999 12:33:00 AM
From: Paul V.	Respond to of 70976

Gottfried,The more the leading indicators deteriorate, the more improvement is possible. Correct! Today, we hit a DW double top of $60. I was kind of concerned at the close of yesterday regarding the way the DW side triangle could go, either up or down. I was glad to see AMAT break to the DW $60 high. IMO, I can see AMAT either reversing down Friday before going up to form a triple top and breaking upward above the $60 level. This would probably be on time with the BTB, orders, and shipment numbers to be released the third week of the month. With positive results we should see a real upward pop in AMAT. I am also happy to see AMAT relatively holding up with the downturn of the SEMI sector (check weekly Bull Percentage data) and the Market in general. I am waiting for the upturn in the market. We should not have to wait to many more weeks. Just my opinions. Paul